MSME Registration

Udyog Aadhaar or MSME registration in bangalore

Udyog Aadhaar or MSME registration is granted to Micro, Small and Medium-sized Businesses under the MSME Development Act, 2006. Classification of entity into Micro, Small, Medium Category is done as per the table below based on investment in plant and machinery.

Classification Manufacturing Sector Service Sector
Micro Enterprise Upto Rs 25 lakh investment in Plant & Machinery Upto Rs 10 lakh investment in Equipment
Small Enterprise Upto Rs 5 Crore Investment in Plant and Machinery Upto Rs 2 Cr lakh investment in Equipment
Medium Enterprise Upto Rs 10 Crore Investment in Plant and Machinery Upto Rs 5 Cr lakh investment in Equipment

Benefits :

  • a. Entity can have access to collateral free loans form Banks under PM CGSTMSE Scheme. Also lending to MSME is considered as priority sector lending, hence given priority by the banks.
  • b As per the MSME Act 2016, non MSME are required to pay MSME registered vendors within credit period of 45 days, else pay the interest on delayed payment.
  • c. Enitity are eligible to receive govt support for participating in foreign expos to showcase their products.
  • d. Entities are eligible for various government Subsidies.

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